Pivot (invalidation): 5.8460
Our preference
Short positions below 5.8460 with targets at 5.8020 & 5.7850 in extension.
Alternative scenario
Above 5.8460 look for further upside with 5.8620 & 5.8860 as targets.
Comment
The RSI calls for a new downleg.
(By Swissquote TRADING CENTRAL)
![[iVISTscalp5]: TSI — Timing Strength Index](https://c.mql5.com/6/1015/splash-preview-772243.png "[iVISTscalp5]: TSI — Timing Strength Index")
![[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026](https://c.mql5.com/6/1015/splash-preview-772241.png "[XAUUSD]: Weekly Liquidity Activation Points (LAP), July 6 - July 10, 2026")